India's Menon Bearings near 3-mth high on Dec-qtr profit rise

Menon Bearings

19/01/2023 08:08

** Shares of Indian auto components maker Menon Bearings Ltd  MENO.NS  rise
as much as 5.16% to 109.95 rupees, highest since Oct. 20
    ** Biggest intraday pct gain since Jan. 3
    ** MENO reports a 46.1% rise in its net PAT (profit after tax) to 77.5
million rupees ($952,790.75) for the quarter ended Dec. 31, 2022
    ** Income from operations rose 1.2% to 496.5 million rupees from 490.6
million rupees a year ago, co says
    ** More than 322,000 shares change hands by 1:13 p.m. IST, vs 30-day avg of
92,027 shares
    ** Stock up ~19.7% last year 
($1 = 81.3400 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))